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Side-by-side financial comparison of Multi Ways Holdings Ltd (MWG) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Multi Ways Holdings Ltd is the larger business by last-quarter revenue ($31.1M vs $17.3M, roughly 1.8× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -9.2%, a 76.4% gap on every dollar of revenue.

Multi Ways Holdings Limited is a Hong Kong-headquartered integrated logistics service provider, offering freight forwarding, warehousing management, customs brokerage, and end-to-end supply chain solutions. It mainly serves clients in manufacturing, retail and e-commerce segments, with core markets spanning Greater China, Southeast Asia and North America.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

MWG vs SLGL — Head-to-Head

Bigger by revenue
MWG
MWG
1.8× larger
MWG
$31.1M
$17.3M
SLGL
Higher net margin
SLGL
SLGL
76.4% more per $
SLGL
67.3%
-9.2%
MWG

Income Statement — Q4 FY2024 vs Q2 FY2025

Metric
MWG
MWG
SLGL
SLGL
Revenue
$31.1M
$17.3M
Net Profit
$-2.9M
$11.6M
Gross Margin
31.3%
Operating Margin
-6.2%
65.1%
Net Margin
-9.2%
67.3%
Revenue YoY
217.7%
Net Profit YoY
487.6%
EPS (diluted)
$-0.09
$4.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MWG
MWG
SLGL
SLGL
Q2 25
$17.3M
Q4 24
$31.1M
Q2 24
$5.4M
Q2 23
$594.0K
Q2 22
$3.5M
Net Profit
MWG
MWG
SLGL
SLGL
Q2 25
$11.6M
Q4 24
$-2.9M
Q2 24
$2.0M
Q2 23
$-6.0M
Q2 22
$-134.0K
Gross Margin
MWG
MWG
SLGL
SLGL
Q2 25
Q4 24
31.3%
Q2 24
Q2 23
Q2 22
Operating Margin
MWG
MWG
SLGL
SLGL
Q2 25
65.1%
Q4 24
-6.2%
Q2 24
29.9%
Q2 23
-1098.8%
Q2 22
-13.2%
Net Margin
MWG
MWG
SLGL
SLGL
Q2 25
67.3%
Q4 24
-9.2%
Q2 24
36.4%
Q2 23
-1005.1%
Q2 22
-3.8%
EPS (diluted)
MWG
MWG
SLGL
SLGL
Q2 25
$4.17
Q4 24
$-0.09
Q2 24
$0.71
Q2 23
$-0.22
Q2 22
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MWG
MWG
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$3.3M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$20.1M
$31.9M
Total Assets
$69.6M
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWG
MWG
SLGL
SLGL
Q2 25
$24.3M
Q4 24
$3.3M
Q2 24
$26.5M
Q2 23
$33.5M
Q2 22
$15.6M
Stockholders' Equity
MWG
MWG
SLGL
SLGL
Q2 25
$31.9M
Q4 24
$20.1M
Q2 24
$34.9M
Q2 23
$48.3M
Q2 22
$50.4M
Total Assets
MWG
MWG
SLGL
SLGL
Q2 25
$39.3M
Q4 24
$69.6M
Q2 24
$42.0M
Q2 23
$55.1M
Q2 22
$55.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MWG
MWG
SLGL
SLGL
Operating Cash FlowLast quarter
$-12.9M
Free Cash FlowOCF − Capex
$-13.5M
FCF MarginFCF / Revenue
-43.5%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWG
MWG
SLGL
SLGL
Q2 25
Q4 24
$-12.9M
Q2 24
Q2 23
$-8.3M
Q2 22
Free Cash Flow
MWG
MWG
SLGL
SLGL
Q2 25
Q4 24
$-13.5M
Q2 24
Q2 23
$-8.4M
Q2 22
FCF Margin
MWG
MWG
SLGL
SLGL
Q2 25
Q4 24
-43.5%
Q2 24
Q2 23
-1419.0%
Q2 22
Capex Intensity
MWG
MWG
SLGL
SLGL
Q2 25
Q4 24
1.9%
Q2 24
Q2 23
15.8%
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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